mBridge Cross-Border CBDC Project Progresses Toward MVP Launch
The mBridge project, which focuses on cross-border central bank digital currencies (CBDCs), is making progress toward its minimum viable product (MVP) launch. The project has recently announced plans to onboard new participants, potentially including central banks from Southeast Asian countries. Cur ...
CBDCs seen offering faster settlements by 87% global securities firms: Citi survey
Discussions around ways to shorten local settlement cycles within the next five years have got most securities firms eyeing local central bank digital currencies (CBDCs). CitiBank’s latest edition of the Securities Services Evolution whitepaper highlighted India’s recent move to T+1 settlements, ...
Australia’s Central Bank Concludes CBDC Pilot, Identifies Key Use Cases
Australia’s central bank has completed its pilot of a central bank digital currency exploring use cases for a potential digital dollar, finding it useful in four main areas, including enabling complex payments and asset tokenization. The Reserve Bank of Australia and the Digital Finance Coope ...
Ripple Launches CBDC Platform for Instant Cross-Border Payments
Ripple announced the launch of a platform for creating and transacting state central bank digital currencies (CBDC). The Ripple CBDC Platform was created specifically for central banks, governments and financial institutions. It runs on a ...
Ripple Launches CBDC and Stablecoin Development Platform, Partnering with Republic of Palau
Central Banks will be able to launch CBDC Ripple is already partnering with the Republic of Palau Crypto firm Ripple announced the launch of its CBDC and Stablecoin development platform. The statement says the site will allow "management and customization of t ...
Samsung Partners with South Korean Central Bank to Test Offline CBDC Payments
The tech giant has partnered with the central bank and will provide its NFC equipment May 15, tech giant Samsung and the South Korean Central Bank (BOK) signed a memorandum of cooperation. They will jointly test the use of CBDC in offline mode. The NFC mode, w ...